Thursday, February 21, 2019

Telecom Italia Group 2018 Comparable EBITDA Down 1.0%; Revenues Down 3.6%

Telecom Italia Group reported that the net consolidated loss for 2018 attributable to owners of the parent amounted to 1.41 billion euros, reflecting in particular the impairment loss on goodwill. In comparable terms, excluding the overall impact of nonrecurring net expenses, consolidated net profit would have been a positive 1.4 billion euros approximately. Fiscal 2018 EBITDA was at 7.40 billion euros for 2018. Comparable EBITDA for 2018 totaled 7.71 billion euros, down 1.0% from prior year. Organic EBITDA, net of the non-recurring component, amounted to 8.12 billion euros compared to 8.40 billion euros, previous year.

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